Bitcoin falls 7 percent to 82,000 dollars while crypto market liquidations surge during the opening of the Asian markets this Friday morning. Shalini Nagarajan reports that President Donald Trump’s announcement regarding his choice for the Federal Reserve, combined with a budget agreement, has generated extreme volatility across all current high-risk assets.
Author: ethan
ethan
Ethan Moore follows the faster-moving corners of crypto, from altcoins and AI crypto to gaming, NFTs, launchpads and airdrops. His reporting looks at what is actually live, what users can participate in and whether early attention is backed by product development, community activity or verifiable traction.He regularly contributes context on Layer 1 developments and Web3 or DeFi trends connected to broader ecosystem growth.
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Optimism DAO approved a one-year pilot program to buy back OP tokens with 84% support. This decision marks a complete shift for the company, linking token demand to superchain revenue.
According to market data, Cardano (ADA) is nearing a potential 90% breakout, despite approaching a month that has historically been weak for the crypto world. The thesis is based on a multi-month descending wedge pattern, bullish momentum indicators, and concentrated whale accumulation, with February 2026 emerging as the decisive window.
The House of Lords’ Financial Services Regulation Committee has launched a formal inquiry into stablecoins, while the Bank of England moves forward with their regulation and implementation. The inquiry aims to assess the innovation and risks associated with their integration into the market.
The Federal Court of Australia sanctioned BPS Financial this Monday with a fine of 14 million Australian dollars after determining it operated its Qoin Wallet product without proper authorization. For nearly three years, the firm offered services and provided advice on digital assets without holding a financial services license in Australia, undermining the transparency of the local financial market.
Dubai Insurance has launched the UAE’s first cryptocurrency-enabled digital wallet, allowing policyholders to pay premiums and receive claims settlements in digital assets. The product, developed in partnership with Zodia Custody, aims to combine regulated custody with faster and more transparent payment channels.
Citrea, backed by Peter Thiel’s Founders Fund and Galaxy Digital, launched its mainnet with a zkEVM rollup. They also introduced a native dollar stablecoin called ctUSD. The move repurposes dormant bitcoin from a passive store of value for programmable lending, trading, and settlement within a Bitcoin-secured execution layer.
Gold surpassed $5,300 per ounce, reaching an all-time high on January 28. Meanwhile, Tether became one of the largest holders of gold bars, ranking highly and exceeding the reserve capacity of several countries.
In a maneuver that redefines institutional custody, Tether has intensified its monthly precious metal purchases to a rate of two tons per week. This strategic move has allowed the firm to consolidate an inventory of 140 tons, valued at approximately $24 billion, being this one of the largest private stockpiles globally.
American asset manager WisdomTree announced this Wednesday the integration of its full catalog of tokenized funds into the Solana network, strengthening its multi-chain deployment strategy within the financial sector. This strategic expansion allows both institutional and retail investors to mint, trade, and custody regulated assets, leveraging the high-speed infrastructure that characterizes this digital ecosystem.
